Posts Tagged ‘ IIT Bombay ’

Smartpaddle Technology Pvt. Ltd, which owns and operates business-to-business (B2B) marketplace for packaging materials Bizongo, has raised $3 million (around Rs 20 crore) in Series A round of funding from IDG Ventures and existing investor Accel Partners. The Mumbai-based startup will use the money...

Mumbai-based local lifestyle content and discovery platform NearFox said on Thursday it has raised funding from a group of investors that included the Globevestor Angel Fund. Devendra Rane, CTO at online insurance startup CoverFox; Ravi Jain, former principal at VC fund Ventureast and co-founder of ...

Premier tech school IIT Bombay today blacklisted nine companies including startups like Portea Medical and Chinese firm Johnson Electric from placements for one year as a penalty for a variety of violations like, revoking the offers to some of its graduates. The action follows a controversy over a h...

Chipmaker Intel India, IIT Bombay’s Society for Innovation and Entrepreneurship (SINE) and the central government’s Department of Science and Technology (DST) have come together to start a hardware incubator programme. Called Plugin, the programme intends to take ideas at a proof-of-concept stag...

Omnikart, its B2B marketplace for industrial equipment, has closed operations due to disagreement between its two co-founders on a growth strategy. The Mumbai-based startup, run by Omnikart Engineering Pvt. Ltd, shut down in March, co-founder Faisal Ansari told TechCircle. Ansari has now joined Indu...

Mumbai-based online grocery delivery firm GrocShop has shut down, joining the growing list of startups that failed to find a profitable growth model in a segment which until recently was attracting investors in droves but is now feeling the pinch of a slowdown in funding. GrocShop co-founder Ayush G...

Indian multinational conglomerate Tata Group has donated $15.5 million (Rs 95 crore) to IIT Bombay (IIT-B) to setup a virtual centre, which would focus on developing low-cost technologies for the bottom of the pyramid (BoP) consumers, says a report in The Economic Times, quoting IIT-B director Devan...

IIT Bombay is planning to set up an entrepreneurship centre named ‘Desai Sethi Centre for Entrepreneurship’ to enable technology innovation through new programmes for education and research, multi-disciplinary courses, research laboratories and partnerships. The centre will focus on emer...

IIT Bombay’s annual business plan competition Eureka! is back with a bang and accepting applications from September 1. Organised by E-cell (The Entrepreneurship Cell) of IIT Bombay, the event now offers a bigger cash prize and a new, segregated competition called Eureka! Social that caters to bott...